When Claymore launched its exchange traded fund (ETF) Claymore/Zacks Sector Rotation Fund (XRO), it seemed like a great idea. Zacks has an excellent reputation for selecting high-performing stocks. In addition, sector rotation is a smart strategy for keeping portfolios fresh, diverse and balanced. XRO has fared well against the SPDR S&P 500 (SPY), Gary Gordon of ETF Expert notes. So, three cheers for XRO.
Yesterday, Claymore announced the recent release of its Claymore/Zacks Country Rotation Fund (CRO). The concept is the same but with an international spin. It will be interesting to see if it can follow in the former’s footsteps.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.